1. Chapter 14 Managing Your Money Chapter 14 Managing Your Money Lesson 14.2 You, the Consumer Lesson 14.2 You, the Consumer

2. 2 Chapter 14 Managing Your Money You, the Consumer Discover How you can get the most for your money Ways that people pay for purchases

3. 3 Chapter 14 Managing Your Money You, the Consumer Why It’s Important Thinking before you spend pays off. When you do some research and comparison shop, you get more for your money.

4. 4 Chapter 14 Managing Your Money You, the Consumer Key Terms impulse buying warranty exchange refund

5. 5 Chapter 14 Managing Your Money You, the Consumer Becoming a Smart Shopper You can become a smart shopper by comparing quality and price and reading the fine print.

6. 6 Chapter 14 Managing Your Money You, the Consumer Knowledge Is Power When you get in the habit of gathering information about products, you can avoid impulse buying. Impulse buying is making a sudden, unplanned decision to buy.

7. 7 Chapter 14 Managing Your Money You, the Consumer Knowledge Is Power The problem with impulse buying is that you often purchase things you don’t need. These items are usually not part of your budget.

8. 8 Chapter 14 Managing Your Money You, the Consumer Sources of Information Graphic Organizer Information Sources The Internet Word of Mouth Newspapers Consumer Reports

9. 9 Chapter 14 Managing Your Money You, the Consumer Compare Quality and Price Always compare both the quality and price of an item you want to buy.

10. 10 Chapter 14 Managing Your Money You, the Consumer Compare Quality and Price A more expensive product isn’t always the better product. Sales items may be less expensive than regular-priced items, but they may not be of the same quality.

11. 11 Chapter 14 Managing Your Money You, the Consumer Compare Quality and Price There may be times when you are willing to pay a high price. A higher-priced item may very well be good quality.

12. 12 Chapter 14 Managing Your Money You, the Consumer Read the Fine Print To get further information about a product, read the labels on the item.

13. 13 Chapter 14 Managing Your Money You, the Consumer Label Information Graphic Organizer Label Information Information Required by Law Use and Care Name of Manufacturer Country of Origin Contents and Ingredients Instructions Address of Manufacturer Weight of Contents

14. 14 Chapter 14 Managing Your Money You, the Consumer Read the Fine Print In addition to labels, many items come with a warranty. A warranty is a guarantee that a product meets certain standards of quality.

15. 15 Chapter 14 Managing Your Money You, the Consumer Read the Fine Print If you’re a smart shopper, you’ll find out what the warranty covers before you purchase an item.

16. 16 Chapter 14 Managing Your Money You, the Consumer Making a Purchase The next time you’re ready to make a purchase, how are you going to pay?

17. 17 Chapter 14 Managing Your Money You, the Consumer $ $ $ $ $ $ $ $ $ $ Ways to Pay Graphic Organizer Check Debit Card Layaway Credit Cash

18. 18 Chapter 14 Managing Your Money You, the Consumer Refunds and Exchanges Have you ever been unhappy with a product you purchased? You can ask for either an exchange or a refund.

19. 19 Chapter 14 Managing Your Money You, the Consumer Refunds and Exchanges An exchange is a trade of one item for another. A refund is the return of your money in exchange for the item your purchased.

20. 20 Chapter 14 Managing Your Money You, the Consumer     Refunds or Exchanges Graphic Organizer Know the store’s policy. Keep proof of your purchase. Make sure an exchange or refund is possible. Be prompt and prepared.

21. 21 Chapter 14 Managing Your Money You, the Consumer Attitude Counts Relax Ready-set-relax! Those are good starting instructions for any potentially stressful situation. Feeling calm and confident will help you do your best. Relax Ready-set-relax! Those are good starting instructions for any potentially stressful situation. Feeling calm and confident will help you do your best.

22. 22 Chapter 14 Managing Your Money You, the Consumer Investigating Career Clusters Marketing The process of developing, promoting, and distributing products to satisfy customers’ needs and wants Sales The process of providing goods and services to customers for a price Marketing The process of developing, promoting, and distributing products to satisfy customers’ needs and wants Sales The process of providing goods and services to customers for a price continued Marketing, Sales, and Service

23. 23 Chapter 14 Managing Your Money You, the Consumer Investigating Career Clusters Service The process of performing tasks for customers continued Marketing, Sales, and Service

24. 24 Chapter 14 Managing Your Money You, the Consumer Investigating Career Clusters Do you love shopping? Do you look forward to school fund-raisers because you know you’ll win an award for selling the most items? If so, you might consider a career in marketing, sales, and service. Marketing, Sales, and Service

25. 25 Chapter 14 Managing Your Money You, the Consumer Why might it be important for people to read about the use and care of a product before deciding to purchase it? Critical Thinking Review Critical Thinking Q Q continued

26. 26 Chapter 14 Managing Your Money You, the Consumer If you learn about the use and care of a product before you buy it, then you will avoid buying something that doesn’t meet your needs, is difficult to care for, or is too expensive to maintain. Critical Thinking Review Critical Thinking continued A A

27. 27 Chapter 14 Managing Your Money You, the Consumer What are some of the risks involved in using credit? Critical Thinking Review Critical Thinking Q Q continued

28. 28 Chapter 14 Managing Your Money You, the Consumer The risks of using credit include: Credit makes it easy to buy on impulse; what you purchase on credit may not fit your budget; you may not be able to keep up with payments; you may end up paying more for something because of the fees charged by credit card companies. Critical Thinking Review Critical Thinking A A

29. End of Chapter 14 Managing Your Money End of Chapter 14 Managing Your Money Lesson 14.2 You, the Consumer Lesson 14.2 You, the Consumer